July 15, 2019, Nairobi, Kenya.
President Uhuru Kenyatta today arrived at the Kenya School of Monetary Studies to officially inaugurate the tremendously bankrolled Afro-Asia Fintech Festival and give a keynote address. The fiesta dubbed Fintech in Savannah is the first of its kind in Africa and is being held at the Kenya School of Monetary Studies.
President Kenyatta today delivered a key note address at the inaugural #AfroAsiaFintechFest. The 2-day conference is the 1st of its kind globally and is jointly organized by @CBKKenya and @MAS_sg, bringing together thousands of delegates from Africa and Asia. pic.twitter.com/5DikpHm4d1
— State House Kenya (@StateHouseKenya) July 15, 2019
The festival co-hosted by the Central Bank of Kenya and the Monetary Authority of Singapore recently received a financial sponsorship of KSH 2M from Ecobank, 5M from SBM Bank, Diamond Trust Bank, Standard Chartered and Safaricom respectively. KCB sponsored the Festival to a tune of 10 Million Kenya Shillings.
The President applauded Central Bank of Kenya for signing Memorandum of Understanding that will pave way for more collaboration between the two central banks, Kenya’s CBK and the Monetary Authority of Singapore
— Afro-Asia Fintech Festival (@AfroAsiaFintech) July 15, 2019
Tillman Bruett, the United Nations’ Secretary-General for Task Force on Digital Financing said harnessing the power of Fintech could help Africa to accelerate its achievement of the Sustainable Development Goals.
“Digital finance creates an opportunity for households to finance their own SDGs by providing them a viable model to access health, clean energy through pay as you use systems,”
Speaking during the festival, Tillman noted that digital finance plays a large role in mobilizing savings and also helping to channel the resources to build the infrastructure necessary for the attainment of the SDGs